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Dec 30, 2012
12/12
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come new year's eve when we count down to midnight, we're counting down to the so-called fiscal cliff. if congress does nothing, taxes go up on everyone. mike emmanuel has more. >> reporter: lawmake -- lawmakers return to capitol hill in a last-minute attempt going over the fiscal cliff. congressional leaders are looking to avoid tax hikes on most americans but key disagreements on eptitlesments and tax rate thresh finds remain. president obama's original plan called for increasing taxes on families earning more than $250,000 now $400,000 could be a number on the negotiating table. >> the $400,000 level seems to me to be with about right. that represents about the top 1% of income earners in the country and is they got knee% of the growth and there is some flexibility there. >> reporter: the republicans say the u.s. is not facing's revenue problem. >> i feel like i'm a lifeguard and we have to save as many people from drowning and higher taxes as we can. >> reporter: in the weekly address to the nation, president obama urged congress to do something. >> we can't afford a politically s
come new year's eve when we count down to midnight, we're counting down to the so-called fiscal cliff. if congress does nothing, taxes go up on everyone. mike emmanuel has more. >> reporter: lawmake -- lawmakers return to capitol hill in a last-minute attempt going over the fiscal cliff. congressional leaders are looking to avoid tax hikes on most americans but key disagreements on eptitlesments and tax rate thresh finds remain. president obama's original plan called for increasing taxes...
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cliff congress and the president still struggling to find common ground. plus russia pushes damascus to intensify talks with the opposition to stop the ongoing violence amid reports of fresh bloodshed and other news after the short break. if you're from my generation or younger and you were born into the one percent that i have a lot of college debt i sure do you know the deal used to be that you paid a significant amount for education but in turn that gave you a much higher salary later but now the system works in reverse many young americans study very hard to not make any money at all around nine percent of americans with student loans have defaulted and at least nine but maybe up to eighteen percent are ninety days late with their payments given the situation the people at u.c. berkeley were nice enough to give away a million dollars in scholarships for everyone everyone that's an illegal immigrant yeah that's right if you're born in america then pay to jump the border and enjoy the red carpet education treatment the people who will be getting the scho
cliff congress and the president still struggling to find common ground. plus russia pushes damascus to intensify talks with the opposition to stop the ongoing violence amid reports of fresh bloodshed and other news after the short break. if you're from my generation or younger and you were born into the one percent that i have a lot of college debt i sure do you know the deal used to be that you paid a significant amount for education but in turn that gave you a much higher salary later but...
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cliff congress and the president still struggling to find common ground. syria dives deeper into conflict we take a look at the key developments in the civil war over the last year that. recalled later this hour. a growing number of wealthy britons plan to wave goodbye to the u.k. over the next two years and move their lives and money elsewhere more than a fifth of the country's millionaires are considering emigrating that's according to lloyd's international bank artie's borger explains what exactly is making the rich luxury like. blame the dismal weather that's reportedly the overwhelming reason for why one in five british million as a considering upping sticks and leaving the country now those reasons are followed closely by the high rate of crime in the u.k. and anti social behavior and then another reason why they might want to leave is the high cost of living here in the u.k. and only in fourth place to my why they might might want to leave is the high rate of personal taxation now where are they going well top of the list of destinations is france i
cliff congress and the president still struggling to find common ground. syria dives deeper into conflict we take a look at the key developments in the civil war over the last year that. recalled later this hour. a growing number of wealthy britons plan to wave goodbye to the u.k. over the next two years and move their lives and money elsewhere more than a fifth of the country's millionaires are considering emigrating that's according to lloyd's international bank artie's borger explains what...
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Dec 26, 2012
12/12
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WMAR
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cliff. >>> deep discounts. if you're not sick of the mall just yet, you're going to find sales today. >>> and the holiday homecoming. one family never imagined was possible. how a chance encounter by a caring stranger put a pup back in the arms of the little girl who loves her. >>> good morning, everyone. i'm muhammad lila. >> and i'm brandi hitt. paula and rob are off this morning. travel could be a challenge across much of the country. tornadoes, rain, snow, even a blizzard are all a threat. >> they are picking up the piece of a series of storms turned deadly. wendy gillette is joining us with more now. wendy? >> reporter: muhammad and brandi, we may dream of a white christmas. and many of us got one. but these storms also delivered a deadly punch, all across the country. >> oh, jesus. look at that tornado. >> reporter: this is just 1 of more than 30 reported tornadoes that touched down on christmas day, leaving behind heavy damage. >> still on the ground for over a minute. >> reporter: th
cliff. >>> deep discounts. if you're not sick of the mall just yet, you're going to find sales today. >>> and the holiday homecoming. one family never imagined was possible. how a chance encounter by a caring stranger put a pup back in the arms of the little girl who loves her. >>> good morning, everyone. i'm muhammad lila. >> and i'm brandi hitt. paula and rob are off this morning. travel could be a challenge across much of the country. tornadoes, rain, snow,...
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Dec 31, 2012
12/12
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WBFF
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you've fiscal cliff lately, here's congress decided to create a meehanismmthht cut militaay spending and entitlemmnt trillion dollars to try to force themselves into a deaal deal. that cliff is heree and it arrives as taxes are set o go up on all americans. anyone making ovee four year to pay more in taxes. conservative republicans don't want to raise taaes on anyyne. they're deeand only áspending cutsá to curb he country'ss debt. vice president biden and minorityyleeder mitch mcconnell are now talking agreement bott sidessof the senate caa agree on. 3 3 &p obviously, whaa had happened here between the two leaaers innthe senate had broken down because the senatt democrats republiianssmade last night. so hoppfully, the discussions back on track, hopefully get a can vote on, hopefully today - or tomorrow. it's not just your taxes, in 26 hours will have a edinn devastatiig effect on deffnse cuts will spiral outward to government conttactors aad coull lead tt widespread layoffs according to economisss. 3 and we're tracking morr breaking news out of washington. secreeary of hossitalized
you've fiscal cliff lately, here's congress decided to create a meehanismmthht cut militaay spending and entitlemmnt trillion dollars to try to force themselves into a deaal deal. that cliff is heree and it arrives as taxes are set o go up on all americans. anyone making ovee four year to pay more in taxes. conservative republicans don't want to raise taaes on anyyne. they're deeand only áspending cutsá to curb he country'ss debt. vice president biden and minorityyleeder mitch mcconnell are...
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cliff but congress and the president still struggling to find common ground. and see where it dive deep into conflict with take a look at the key developments in the civil war a little lost in our series that we call a sad face our. growing number well see britain plan to wave goodbye to the u.k. over the next two years and move their lives and money elsewhere well the next phase for the country's millionaires are considering whether grazing according to a recent survey by lloyds t.s.b. international bank or his point was are explaining now what exactly is making the rich part of the luxury market. blame the dismal weather that's reportedly the overwhelming reason for why one in five british million as a considering upping sticks and leaving the country now those reasons a followed closely by the high rate of crime in the u.k. and anti social behavior and then another reason why they might want to leave is the high cost of living here in the u.k. and only in fourth place from my why they might might want to leave is the high rate of personal taxation now where
cliff but congress and the president still struggling to find common ground. and see where it dive deep into conflict with take a look at the key developments in the civil war a little lost in our series that we call a sad face our. growing number well see britain plan to wave goodbye to the u.k. over the next two years and move their lives and money elsewhere well the next phase for the country's millionaires are considering whether grazing according to a recent survey by lloyds t.s.b....
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Dec 28, 2012
12/12
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CNNW
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the 112th congress disbands. so what is that going to do to the fiscal cliff negotiations? >> right, there are a couple deadli deadlines actually coming up. january 2nd is the last day of the current congress. any bill that's been submitted, especially the bills that have been passed, the deal with the fiscal cliff, those bills would be worthless. they would go into paper and everything would have to start from scratch. the new congress would have to start a bill and start the process from the beginning. now there are some tricks that congress has to try to speed things up when it wants to. so to some degree, it's not that big of a deal. if there was a deal in the offing, january 3rd, enough votes for it, they could get around the hurdles. but i'm glad you brought up the deadlines because another one is tomorrow. unemployment benefits run out tomorrow for 1 million people. not true. the unemployment portion of the fiscal cliff actually hits us tomorrow. and that's when 1 million people are estimated to see unemployment benefits run out. and tomorrow is also the day that the
the 112th congress disbands. so what is that going to do to the fiscal cliff negotiations? >> right, there are a couple deadli deadlines actually coming up. january 2nd is the last day of the current congress. any bill that's been submitted, especially the bills that have been passed, the deal with the fiscal cliff, those bills would be worthless. they would go into paper and everything would have to start from scratch. the new congress would have to start a bill and start the process...
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Dec 29, 2012
12/12
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KRON
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. >> president obama is urging congress to reach a deal to avoid the fiscal cliff. in today's radio and internet address, mr. obama says he believes leaders in congress may be able to reach an agreement that can pass both houses before taxes rise and spending cuts take effect at the end of the year. he urges "washington politics" to not get in the way of "america's progress." meanwhile, in the republican address, missouri senator roy blunt says the nation can avoid going over the fiscalbama and the democratic- controlled senate work with republicans to solve the problem. >> the senate has approved a 60-point-4 billion dollar emergency spending package for hurricane sandy recovery. the measure, which was backed by democrats, now heads to the house. meanwhile, republican leaders favor a smaller aid package to pay for immediate sandy recovery needs, saying they need more time to consider any additional aid. >> sandy battered the east coast in late october. it was the most costly natural disaster since hurricane katrina in 2005. >> a connecticut attorney is asking permi
. >> president obama is urging congress to reach a deal to avoid the fiscal cliff. in today's radio and internet address, mr. obama says he believes leaders in congress may be able to reach an agreement that can pass both houses before taxes rise and spending cuts take effect at the end of the year. he urges "washington politics" to not get in the way of "america's progress." meanwhile, in the republican address, missouri senator roy blunt says the nation can avoid...
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Dec 26, 2012
12/12
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KRON
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a deal in the looming fiscal cliff crisis. some good news is expected today an economic report due later today is likely to show continued improvement in the housing market. there are also some early readings on the strength of the holiday shopping season. marcus will open at 630 this morning. >> samsung is seeking a ban on the import and sale of some ericsson products in the u.s., escalating a dispute over patent fees. the company is seeking to ban ericsson products that allegedly violate seven patents. the complaints at the trade commission followed a dispute over mobile technology patents that erickson brought before a u.s. district court after the two sides failed to agree on licensing terms. in november, ericsson said the samsung is seeking to drastically reduce the it pays to license patents. >> here is the san francisco skyline and dapsang and should be coming up. we do have ran off and on. we will be right back. >> welcome back. member of a sierra nevada ski resort patrol team who was injured after being caught in an a
a deal in the looming fiscal cliff crisis. some good news is expected today an economic report due later today is likely to show continued improvement in the housing market. there are also some early readings on the strength of the holiday shopping season. marcus will open at 630 this morning. >> samsung is seeking a ban on the import and sale of some ericsson products in the u.s., escalating a dispute over patent fees. the company is seeking to ban ericsson products that allegedly...
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Dec 30, 2012
12/12
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FOXNEWSW
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we're less than 48 hours away from the fiscal cliff. will congress and the white house be able to reach a deal before americans see a 500 billion dollar tax increase? >> and george h.w. bush's health taking a turn for the better. there's good news regarding the former president's healths. >> clayton: well put. >> juliet: well said. >> clayton: a frightening moment when an airplane broke in half crashing on to a busy highway, caught on camera. watch this. >> juliet: oh, how about that car? >> that's not something you see every day. >> no. >> "fox & friends" begins right now. ♪ >> hey, everybody. >> juliet: hi, everybody. >> dave: good sunday morning, juliet huddy in for ali. how are you doing, my friend. >> clayton: dave usually gets the coffee. and no coffee around this place. >> dave: i apologize. >> clayton: dave overslept and dropped the ball. >> dave: it happened with my iphone. i woke up an hour too late to my wife shaking me. >> juliet: i don't know what it is about this morning. i'm like in lala land. >> clayton: there is no sn
we're less than 48 hours away from the fiscal cliff. will congress and the white house be able to reach a deal before americans see a 500 billion dollar tax increase? >> and george h.w. bush's health taking a turn for the better. there's good news regarding the former president's healths. >> clayton: well put. >> juliet: well said. >> clayton: a frightening moment when an airplane broke in half crashing on to a busy highway, caught on camera. watch this. >> juliet:...
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Dec 27, 2012
12/12
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KRON
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we have been following the fiscal cliff talks in washington. if this is a live look from the senate floor. treasury secretary timothy diner has told congress the government is on track to hit is bowery limit on monday and that he'll take " extraordinary measures as authorized by law " to postpone a government default. republicans have not been part of the " fiscal cliff " discussions in recent days suggesting much still needs to be done if a deal is to be struck and passed through congress by the end of the year. >> sam garner stated that the government may go out of money on december 31st. he stated that the government may not have enough to spend for next month. >> approval ratings for president obama and his cabinet are mixed. a new poll shows 52 percent of people surveyed approved of the president's performance while 43 percent disapprove. but as president joe biden's numbers are in line with the president. 54 percent approve of his job performance while 40 percent do not. first lady michelle obama has a 73 percent approval rating. all goin
we have been following the fiscal cliff talks in washington. if this is a live look from the senate floor. treasury secretary timothy diner has told congress the government is on track to hit is bowery limit on monday and that he'll take " extraordinary measures as authorized by law " to postpone a government default. republicans have not been part of the " fiscal cliff " discussions in recent days suggesting much still needs to be done if a deal is to be struck and passed...
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Dec 28, 2012
12/12
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WMAR
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. >> that was president obama talking with four days left in that fiscal cliff deadline saying he's hoping congress will reach a deal on this. if not, he's asking them to bring a package to the floor that will protect middle class mrns. >>> coming up all brand-new at 6:00, american families are now banned from adopting russian children. we'll hear from one local family who calls it a death sentence for thousands of small children. >> before you get to work on your next home repair project, we're warning you about the dangers of trying to do it yourself. now a preview of what's ahead on world news at 6:30. >> the 11th our deal or no -- hour deal or no deal. tonight the track of the storm and where it will hit. >>> the nation is mourning the loss of the man who led allied forces in the gulf war. norman schwarzkopf was credited with winning the war and the public's imagination. >> reporter: in 1990, norman schwarzkopf was a little known general looking ahead to requirement -- retirement. then he led into the face of the u.s. counterattack, called stormen norman. >> it will take has long last
. >> that was president obama talking with four days left in that fiscal cliff deadline saying he's hoping congress will reach a deal on this. if not, he's asking them to bring a package to the floor that will protect middle class mrns. >>> coming up all brand-new at 6:00, american families are now banned from adopting russian children. we'll hear from one local family who calls it a death sentence for thousands of small children. >> before you get to work on your next home...
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Dec 30, 2012
12/12
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CNNW
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less than 48 hours left for congress to make a deal and avoid the fiscal cliff. leaders from both political parties have expressed hope that a deal can be reached. in the senate negotiators worked late into the night trying to put together a plan, and the whole senate will come together in a few hours from now for a rare sunday session beginning at 1:00. an hour later the house will meet. in a world far away from the capitol, everyday americans are growing frustrated with political leaders and their lack of action when so much is at stake. we asked or cnn i-reporters to send us their messages for washington and we got a ton of responses. lynn to vernon hill with a bit of advice for politicians. >> my new year's message it to washington is to grow up, act like adults, do juror jobs or resign immediately. we are tired of you being useless and refusing to do your jobs. >> here's one from missy with her take on the men and women in congress. >> this whole fiscal cliff mess shows how incredibly out of touch you are with the way people really live in this country. you
less than 48 hours left for congress to make a deal and avoid the fiscal cliff. leaders from both political parties have expressed hope that a deal can be reached. in the senate negotiators worked late into the night trying to put together a plan, and the whole senate will come together in a few hours from now for a rare sunday session beginning at 1:00. an hour later the house will meet. in a world far away from the capitol, everyday americans are growing frustrated with political leaders and...
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Dec 24, 2012
12/12
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WJLA
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congress and the president are in the middle of these fiscal cliff and there's no agreement in sight on that. so the idea that congress could suddenly put forward a lot of extra money for something new is not very real in washington. obviously, guns will be on the agenda next year. the president will be pushing for something very different than what wayne lapierre recommended but the national rifle association very powerful and they will have supporters for it as well. >> it seems that everything fell apart right before law makers left for christmas break. boehner's plan b didn't go over so well. >> it didn't go anywhere. and it was interesting because it looked like in the days before that that there had been some movement. president obama had changed his offer and they're really not that far apart on the actual numbers. speaker boehner could not get it through the house. he had to pull the bill. they seemed further apart. if he can't get it for the millionaire's tax, it will be very, very hard to see how we can get president obama to cut taxes for the $50,000 and below. -- $25078,0
congress and the president are in the middle of these fiscal cliff and there's no agreement in sight on that. so the idea that congress could suddenly put forward a lot of extra money for something new is not very real in washington. obviously, guns will be on the agenda next year. the president will be pushing for something very different than what wayne lapierre recommended but the national rifle association very powerful and they will have supporters for it as well. >> it seems that...
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Dec 29, 2012
12/12
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CNNW
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cliff, congress, though, hey, about to get a raise. part of an executive order that president obama issued which ends a pay freeze for federal workers. their salaries, yeah, they'll if up by half a percent after march 27. that's an extra $900 before taxes. currently members of congress make $174,000 a year except for leaders who make a little more. the last time there was a pay raise was 2009. >>> there is one thing the senate has agreed on, getting aid to victims of superstorm sandy. by a 61-33 vote the chamber passed a measure offering $60 billion in help. it heads to the house which must approve the bill by thursday or else the process to consider the money has to start all over again. at least 113 people were killed when superstorm sandy hit in late october. the governors of new york and new jersey, the hardest hit states, have estimated damages at more than $78 billion. >>> and turning to weather. even though winter is just over a week old, millions of americans probably can't wait for spring to arrive. me, as well, yes. scenes li
cliff, congress, though, hey, about to get a raise. part of an executive order that president obama issued which ends a pay freeze for federal workers. their salaries, yeah, they'll if up by half a percent after march 27. that's an extra $900 before taxes. currently members of congress make $174,000 a year except for leaders who make a little more. the last time there was a pay raise was 2009. >>> there is one thing the senate has agreed on, getting aid to victims of superstorm sandy....
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is in negotiations to prevent the country from falling over the fiscal cliff another interesting aspect congress cut a provision that would have forced law enforcement to get a search warrant to look at e-mails for more we're joined by human chew need gum in our l.a. studio hello there you so i always want to ask you does this bill only let facebook users share what they've been watching on netflix or are there other provisions how far does this go. well liz i have to say that if you look back on the video privacy protection act which actually was passed twenty five years ago and it was passed specifically because there was concern that the media or others might get ahold of maybe porn you're watching or other salacious videos when you went into your local blockbuster and now if you look at it times have really changed and people are saying what do you mean i can't share what i'm watching on my photo stream on our on my sharing stream on on facebook the reality is you can share if you can use this bill to display what your customers are watching whether you're netflix your hulu whether
is in negotiations to prevent the country from falling over the fiscal cliff another interesting aspect congress cut a provision that would have forced law enforcement to get a search warrant to look at e-mails for more we're joined by human chew need gum in our l.a. studio hello there you so i always want to ask you does this bill only let facebook users share what they've been watching on netflix or are there other provisions how far does this go. well liz i have to say that if you look back...
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Dec 28, 2012
12/12
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can't figure out the fiscal cliff. >> it is avoidable. >> reporter: he's ready to bring some small town solutions to capitol hill. so you really think you can take the city politics to washington and it's going to work? >> it's about personal relationships, trust, working together for the people who elected you. >> reporter: he was a dublin city councilman and said he had to work with republicans in order to pass a city budget. he says it's the same kind of compromise strategy in washington. >> i'm confident there can be a buzzer beater where we can beat the clock and deliver. >> reporter: i asked him to give me one word to describe his feelings entering this fiscal cliff shark tank. >> exciting. >> reporter: you're excited? >> i'm excited. >> reporter: this is doomsday. >> but i'm confident that congress will see the will of the people. >> reporter: he says he's excited about making sure his supporters know he is ready to hit the pavement running. one supporter in particular. >> my own mom at christmas dinner told me do not raise my taxes. she is following just like other americans wha
can't figure out the fiscal cliff. >> it is avoidable. >> reporter: he's ready to bring some small town solutions to capitol hill. so you really think you can take the city politics to washington and it's going to work? >> it's about personal relationships, trust, working together for the people who elected you. >> reporter: he was a dublin city councilman and said he had to work with republicans in order to pass a city budget. he says it's the same kind of compromise...
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Dec 30, 2012
12/12
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CNNW
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what do you want to tell congress about the fiscal cliff? we'll have your video messages. >>> the woman accused of pushing a man in front of a subway is now being charged with a hate crime. now she's saying why she did it. >>> wow, a plane crash caught on tape, the story. hind this dash cam video of an exact moment a jet slammed into an overpass. >>> it's sunday, december 30th, good morning, i'm allisison kos. randi kaye is off today. we're going to start this morning in washington where all eyes on capitol hill as lawmakers try to work out on a deal to avoid the fiscal cliff. the deadline is less than 48 hours away and as to whether they can get it done, the president says he's hopeful. >> i'm modestly ll lly optimis an agreement can be achieved. let's make sure that middle class families and the world economy aren't adversely impacted because people can't do their jobs. >> both houses of congress are meeting in a rare sunday session. the house an hour later at 2:00. our chief white house correspondent jessica yellin now with the look at a
what do you want to tell congress about the fiscal cliff? we'll have your video messages. >>> the woman accused of pushing a man in front of a subway is now being charged with a hate crime. now she's saying why she did it. >>> wow, a plane crash caught on tape, the story. hind this dash cam video of an exact moment a jet slammed into an overpass. >>> it's sunday, december 30th, good morning, i'm allisison kos. randi kaye is off today. we're going to start this morning...
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Dec 28, 2012
12/12
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LINKTV
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but over in the capitol the lower house of congress remains dark to avert the fiscal cliff. it's republican leader will call the session on sunday. the top senate said his branch of congress must take the initiative on a compromise. >> it appears to me the action if there is any is now on the senate and we will have to see if we're able on a bipartisan to move forward. >> but the democrats say there can be no deal without republican concessions on tax increases. >> unless we get a sign-off from the republicans in the house, we can't get anything done. for them to talk about a bipartisan arrangement, we have done that. >> without a deal, the mediate effect would billion a tax hike. relief checks to $2 million -- 2 million onamericans would also cut, possibly triggers another major u.s. recession. >> things that you don't really need, you're not going to get. >> it will probably affect my finances in a huge way. >> it will affect my dad. my dad's 76 and he's already got his food stamps cut and his medicaid cut. i don't know how much more than can cut. >> half of all americans
but over in the capitol the lower house of congress remains dark to avert the fiscal cliff. it's republican leader will call the session on sunday. the top senate said his branch of congress must take the initiative on a compromise. >> it appears to me the action if there is any is now on the senate and we will have to see if we're able on a bipartisan to move forward. >> but the democrats say there can be no deal without republican concessions on tax increases. >> unless we...
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Dec 26, 2012
12/12
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CNNW
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can the white house and congress keep the country from going off the fiscal cliff? >>> a dangerous winter storm roaring across the eastern half of the u.s. bringing blizzard conditions and travel nightmares. plus, the nra's controversial proposal to put armed volunteers in every school, we'll go in-depth with the man in charge of the national school shield program. i'm joe johns. you're in "the situation room." the u.s. is now just six days away from the so-called fiscal cliff. and a mad scramble is on here in washington to avoid the drastic tax hikes and spending cuts that many fear will plunge the economy back into recession. president obama flies back from hawaii tonight to be ready if the senate comes back with a plan when it returns to work tomorrow. and house leaders are huddling with members on stand-by to return. senior congressional correspondent dana bash is following all of it for us. what are you hearing? >> there was a conference call of course members of the house leadership even, they're back in their districts, but there was a conference call today a
can the white house and congress keep the country from going off the fiscal cliff? >>> a dangerous winter storm roaring across the eastern half of the u.s. bringing blizzard conditions and travel nightmares. plus, the nra's controversial proposal to put armed volunteers in every school, we'll go in-depth with the man in charge of the national school shield program. i'm joe johns. you're in "the situation room." the u.s. is now just six days away from the so-called fiscal...
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Dec 27, 2012
12/12
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KPIX
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some members of congress admit they may well just go over the fiscal cliff and deal with it in january after the new congress is sworn in. leaving his family behind to continue their vacation without him, president obama boarded air force one early this morning and headed for washington to deal with unfinished fiscal cliff business. with just five days until the combination of automatic tax increases and spending cuts that could send the economy back into recession, mr. obama wants congress to take the lead in getting the job done. the senate convenes later today and senate majority leader harry reid told members to be prepared to address fiscal cliff issues through the weekend. reid is working on his own plan to get lawmakers to come together before the end of the year deadline. that plan would likely include letting the bush tax cuts expire for households making more than $250,000 a year and short term spending cuts instead of the massive long-term cuts that would happen if there is no deal. after our wednesday conference call, house republican leaders issued a statement saying they
some members of congress admit they may well just go over the fiscal cliff and deal with it in january after the new congress is sworn in. leaving his family behind to continue their vacation without him, president obama boarded air force one early this morning and headed for washington to deal with unfinished fiscal cliff business. with just five days until the combination of automatic tax increases and spending cuts that could send the economy back into recession, mr. obama wants congress to...
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Dec 30, 2012
12/12
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CNNW
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in washington, down to the wire for the fiscal cliff. letsz than 48 hours for washington to make a deal. both houses of congress are meeting today in rare sunday sessions. the senate is convening at 1:00. the house an hour later at 2:00. the earliest we could see a vote is 6:30 p.m. eastern time. you can catch that live coverage of it right here on cnn. >>> to massachusetts now where a
in washington, down to the wire for the fiscal cliff. letsz than 48 hours for washington to make a deal. both houses of congress are meeting today in rare sunday sessions. the senate is convening at 1:00. the house an hour later at 2:00. the earliest we could see a vote is 6:30 p.m. eastern time. you can catch that live coverage of it right here on cnn. >>> to massachusetts now where a
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Dec 31, 2012
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congress on how to avoid the so-called fiscal cliff. earlier, president obama spoke on how to avoid the budget crisis. and turkey's prime minister has said the war in syria will soon be over. he made the comments as he visited refugee camps on the turkish border. protesters in india who have been calling for harsher punishments for rapists have been holding a candlelit vigil in the capital the they gathered in new delhi -- delhi to mourn the death of a 23-year-old gang rape victim. the attack on her earlier this month throwed nypd protests. six suspects have been charged with murder after she died sunday. she had been receivering medical attention in spinning. the -- in singapore. she's been cremated. rebels in the central african republic are reported to be only one town away from the capital. the army was forced to retreat when the rebels advanced on saturday. they already have control of four other regional capitals in both the north and center of the country. rebels have rejected offers to negotiate. there's been more violence in ir
congress on how to avoid the so-called fiscal cliff. earlier, president obama spoke on how to avoid the budget crisis. and turkey's prime minister has said the war in syria will soon be over. he made the comments as he visited refugee camps on the turkish border. protesters in india who have been calling for harsher punishments for rapists have been holding a candlelit vigil in the capital the they gathered in new delhi -- delhi to mourn the death of a 23-year-old gang rape victim. the attack...
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Dec 30, 2012
12/12
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cliff looms and congress can't seem to compromise. the owner of an internet marketing company is concerned that the change in tax rates will hurt his ability to hire. he says the uncertainty is making him run his business defensively, making decisions based on business already coming in because he can't risk losing it all. >> knowing the rules has -- is -- is much more important than what the rules really are. because then you can actually say, okay, this is what we can do, this is what our margins are going to look like. this is what we are going to be able to plan on. >> reporter: economists say one of the effects of the fiscal cliff is that businesses are holding back on spending money, whether re-investing in stock, machinery and equipment or products they sell and for a slowly strengthening economy, the shock of less spending could be all it takes to push the country back into a recession. >> businesses are not require -- hiring workers because the small businesses say, we can't hire right now until we know what the tax system is
cliff looms and congress can't seem to compromise. the owner of an internet marketing company is concerned that the change in tax rates will hurt his ability to hire. he says the uncertainty is making him run his business defensively, making decisions based on business already coming in because he can't risk losing it all. >> knowing the rules has -- is -- is much more important than what the rules really are. because then you can actually say, okay, this is what we can do, this is what...
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Dec 29, 2012
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president barack obama says he still hopes congress can reach agreement to avoid the so- called fiscal cliff. obama met congressional leaders at the white house on friday to discuss a deal. he said the talks were constructive, but did issue a warning on behalf of the american people, demanding congress take action. >> america wonders why it is that in this town, for some reason, you cannot get stuff done in an organized time table, where everything has to wait till the last minute. we are now of the last minute. in the american people are not going to have any patients for a politically self-inflicted wound to our economy. >> the president said he was modestly optimistic that the january 1 deadline for the fiscal cliff could be averted, but that is contingent on a vote in the senate on a compromise bill, and that will have to get an up or down vote. there is a majority for that, with some tax increases for upper-income people. the question is what level would be acceptable to republicans. more crucial to that is, whatever the senate proposes and passes on to the house, will it be accep
president barack obama says he still hopes congress can reach agreement to avoid the so- called fiscal cliff. obama met congressional leaders at the white house on friday to discuss a deal. he said the talks were constructive, but did issue a warning on behalf of the american people, demanding congress take action. >> america wonders why it is that in this town, for some reason, you cannot get stuff done in an organized time table, where everything has to wait till the last minute. we are...
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Dec 27, 2012
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>>> we will start off with news about the fiscal cliff. congress returning to capitol hill today to try to get a deal done on the cliff before the deadline on december 31st. senate majority leader harry reid is working to see if the scaled backpackage the president laid out last week can get through congress before monday. meantime, treasury secretary timothy geithner says the government will hit the debt ceiling on monday and he is launching an emergency plan to avert a crisis. amm eamon javers is live. what do we know? >> the president is coming back early, a couple days earlier than his vacation. did a little bit of jogging, working out in the gym over his vacation. now he will be,ing would out on this fiscal cliff. the senate is coming back and the house of representatives is going to have a conference call for all republicans later on today and then yesterday, we saw the secretary of the treasury, tim geithner, announced the $16.4 trillion debt limit is going to be reached by monday, that was a little bit surprising to people who have
>>> we will start off with news about the fiscal cliff. congress returning to capitol hill today to try to get a deal done on the cliff before the deadline on december 31st. senate majority leader harry reid is working to see if the scaled backpackage the president laid out last week can get through congress before monday. meantime, treasury secretary timothy geithner says the government will hit the debt ceiling on monday and he is launching an emergency plan to avert a crisis. amm...
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Dec 28, 2012
12/12
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white house after a last-ditch fiscal cliff meeting with president obama. the closed-door meeting was an attempt to avoid the automatic tax hikes and spending cuts set to king at the start of the new year. >> we had a constructive meeting today. senator reid and senator mcconnell are discussing a potential agreement where we could get a bipartisan bill out. >> reporter: at the present time reminded lawmakers thers
white house after a last-ditch fiscal cliff meeting with president obama. the closed-door meeting was an attempt to avoid the automatic tax hikes and spending cuts set to king at the start of the new year. >> we had a constructive meeting today. senator reid and senator mcconnell are discussing a potential agreement where we could get a bipartisan bill out. >> reporter: at the present time reminded lawmakers thers
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Dec 28, 2012
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. >>> just ahead, the president and congress gear up for last ditch talks to avoid the fiscal cliff. a look at what could happen if there is no deal. >> shocking crime on a new york subway police look for a woman caught on video who killed a man by pushing him in front of >>> talks to avoid the fiscal cliff are moving into the oval office at the white house today, no sign that president obama and congressional leaders are closer to a deal. katie marzullo is live in the newsroom with a look at what missing the deadline could mean. >> reporter: the deadline is monday. just the prospect of missing it is causing problems for the economy. president obama has invited senate and house leaders to the white house this afternoon for last ditch negotiation. the house is holding an unusual session sunday. technical little, there's still time to strike a deal, but what if they don't? comedies 31st, more than 500 billion dollars in -- in tax increases and more than 100 billion dollars in government spending cuts are set to take effect. what happens january 1st, is less than certain. if congress an
. >>> just ahead, the president and congress gear up for last ditch talks to avoid the fiscal cliff. a look at what could happen if there is no deal. >> shocking crime on a new york subway police look for a woman caught on video who killed a man by pushing him in front of >>> talks to avoid the fiscal cliff are moving into the oval office at the white house today, no sign that president obama and congressional leaders are closer to a deal. katie marzullo is live in the...
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Dec 27, 2012
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greg: let's call it the milk fiscal cliff if congress doesn't take action before new year's day. the price of jury could more than doubled because of a law enacted way back in the 1940s. a reporter is live with the details. dominic? reporter: no one is doing anything about this in washington yet. a gallon of milk could reach $8 if we go over what they are calling the milk cliff. a new farm bill could be approved in budget cuts here is what will happen if the deal doesn't get done. what they call permanent law, says the government has to buy huge stocks of milk at twice the price. farmers will flock to the government as they make easy money, that causes a shortage of milk in the commercial market, and the agriculture industry says the hold up is disastrous. >> this is a bad outcome. i don't think we should want, nor should we advocate for, nor should congress consider it a good outcome if permanent law goes into effect. reporter: the dairy industry says congress can wrap this up quickly, but if it doesn't, it looks like more than just the cows. >> things like wheat and corn. it wo
greg: let's call it the milk fiscal cliff if congress doesn't take action before new year's day. the price of jury could more than doubled because of a law enacted way back in the 1940s. a reporter is live with the details. dominic? reporter: no one is doing anything about this in washington yet. a gallon of milk could reach $8 if we go over what they are calling the milk cliff. a new farm bill could be approved in budget cuts here is what will happen if the deal doesn't get done. what they...
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Dec 26, 2012
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reconvenes days ahead of the so-called fiscal cliff. you're just six days from feeling this. now, first hit is coming on january 1st when your take home pay will drop by 2% because of a scheduled hike in the social security payroll tax. that's just the start. income taxes are set to climb too. and you'll notice that when employer gets to around the adjusted withholding, the government spending cuts, those are also scheduled for january 1st and bound to slow the economy and some argue they'll weaken the military. congress has seen this coming, but an effort to limit the damage failed last week. republican house speaker john boehner could not persuade enough members of his party to let tax rates rise on incomes over a million dollars while sparing everyone else. dana bash is our senior congressional correspondent. dana, this time tomorrow, the president is supposed to be back, having cut his trip to hawaii short, the first lady, the girls are staying in hawaii. the senate is supposed to convene, but not necessarily the house. what is goin
reconvenes days ahead of the so-called fiscal cliff. you're just six days from feeling this. now, first hit is coming on january 1st when your take home pay will drop by 2% because of a scheduled hike in the social security payroll tax. that's just the start. income taxes are set to climb too. and you'll notice that when employer gets to around the adjusted withholding, the government spending cuts, those are also scheduled for january 1st and bound to slow the economy and some argue they'll...
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are expected to come back to the table on the fiscal cliff version although we have heard that basically there will be no immediate implementation of this of this tax hikes because employers have not changed payroll tax withholding rates for january payrolls and federal budget cuts would slowly be phasing in also we are seeing retailers losing very much this year hasn't been that good basically for for sales all right let's move over to what is it we have currencies the. oh you know this week it's going up and down with the pretty much same amplitude day after day when they station so the russian ruble currency gain around half a percent against both currencies both the dollar and the euro right crude is up on a geopolitical factors appears to be a route between iraq and turkey so there's some kind of supply halt there and this is causing basically this is causing basically worries about the supply in the region and also of course fiscal cliff could lead to the market just dropping altogether and demand going down and russia's markets so pretty upbeat session on a stronger price of crude
are expected to come back to the table on the fiscal cliff version although we have heard that basically there will be no immediate implementation of this of this tax hikes because employers have not changed payroll tax withholding rates for january payrolls and federal budget cuts would slowly be phasing in also we are seeing retailers losing very much this year hasn't been that good basically for for sales all right let's move over to what is it we have currencies the. oh you know this week...
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Dec 28, 2012
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before january 1. >>> reporter: the "fiscal cliff" is still a few days away. but business owners don carlino says he is already feeling the impact. >> a lot of our customers are holding back. they are apprehensive. they are not committing to projects. they're not --you know, they are waiting to see what's going to happen with the "fiscal cliff." >> reporter: and hope is fading that congress can get a deal done before tax hikes and spending cuts kick in january 1. >> i am not optimistic. >> reporter: even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> reporter: president obama has invited nancy pelosi, john boehner, mitch mcconnell and harry reid to the white house this afternoon for a "fiscal cliff" summit. >> here we are five days from the new year, and we might finally start talking. >> reporter: today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chambers of congress. >> i don't know time-wise how i
before january 1. >>> reporter: the "fiscal cliff" is still a few days away. but business owners don carlino says he is already feeling the impact. >> a lot of our customers are holding back. they are apprehensive. they are not committing to projects. they're not --you know, they are waiting to see what's going to happen with the "fiscal cliff." >> reporter: and hope is fading that congress can get a deal done before tax hikes and spending cuts kick in...
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Dec 28, 2012
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. >>> just ahead, the president and congress gear up for last ditch talks to avoid the fiscal cliff. a look at what could happen if there is no deal. >> shocking crime on a new york subway police look for a woman caught on video [ female announcer ] this is a special message from at&t. [ male announcer ] it's no secret that the price of things just keeps going up. [ female announcer ] but we have some good news. it's our bundle price promise. [ male announcer ] a price you can definitely count on, for two whole years. from at&t. [ female announcer ] a great price for a great triple-play bundle. [ male announcer ] call now. bundles with u-verse tv, internet and home phone start at $89 a month. now get the same great price for two years. [ female announcer ] switch today and get a total home dvr included, free for life. [ male announcer ] you get reliable, high speed internet on our advanced digital network. choose from speeds up to 24 megs. [ female announcer ] and with u-verse tv you can record four shows at once on your total home dvr and play them back in any room. [ male announcer
. >>> just ahead, the president and congress gear up for last ditch talks to avoid the fiscal cliff. a look at what could happen if there is no deal. >> shocking crime on a new york subway police look for a woman caught on video [ female announcer ] this is a special message from at&t. [ male announcer ] it's no secret that the price of things just keeps going up. [ female announcer ] but we have some good news. it's our bundle price promise. [ male announcer ] a price you...
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Dec 26, 2012
12/12
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fears of falling off the fiscal cliff are fueling this pessimism. 45% think it's unlikely a budget deal will be reached between the president and congress. but nbc news's political director chuck todd says despite that possibility, going for a small, stripped down agreement isn't all good. >> i think politically, the president's making a mistake to go for a small deal. he'll lose leverage as the year goes on. he'll get a big political victory but he should try one more time for the big deal. you had nearly 200 house republicans about to vote to raise taxes on millionaires. >> joining me now, joe sustek and david winston. thank you both for being here today. i'll start with you, congressman. does the president's ability to get what he wants diminish over time? should he go big one more time? >> for the american people. it is not about him and his leverage. i think the president needs to try to reach the big compromise with speaker boehner and the two men came very close. they were a few hundred billion dollars away. we need $3 trillion in debt redust over a decade. we have $1 trillion of
fears of falling off the fiscal cliff are fueling this pessimism. 45% think it's unlikely a budget deal will be reached between the president and congress. but nbc news's political director chuck todd says despite that possibility, going for a small, stripped down agreement isn't all good. >> i think politically, the president's making a mistake to go for a small deal. he'll lose leverage as the year goes on. he'll get a big political victory but he should try one more time for the big...
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Dec 28, 2012
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congress has been so bogged down with the fiscal cliff, the farm bill is still on the table. if congress does not pass it, dairy subsidies would immediately end on january 1, and those subsidies have been keeping milk prices low for 63 years. >>> the price of curbside parking in chicago is going up january 1. parking meters will charge $6.50 an hour in the downtown area. chicago will have the highest parking meter rates in the country, taking the dubious distinction away from san francisco. congratulations. chicago outsourced its parking meters to a private company and many drivers question that question now. >>> now to some surveillance video from houston. trust me, when you see this, you're going to want these bad guys put away for a long time. the gang of thieves ripped off a daycare center. three or four young men were captured on surveillance camera. there's one right there. going in, they shattered the glass door, then stole six tvs and several game consoles. that ain't all. and one thief took the time to hop on a tiny tricycle and ride it around the yard of the buildin
congress has been so bogged down with the fiscal cliff, the farm bill is still on the table. if congress does not pass it, dairy subsidies would immediately end on january 1, and those subsidies have been keeping milk prices low for 63 years. >>> the price of curbside parking in chicago is going up january 1. parking meters will charge $6.50 an hour in the downtown area. chicago will have the highest parking meter rates in the country, taking the dubious distinction away from san...
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Dec 26, 2012
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kelly: this is daunting task facing congress to avert the so-called fiscal cliff that will set into motion more than $600 billion in drastic and draconian allic tax hikes and spending cuts. that will cause a lot of pain for all americans and does congress have enough time to act on this? >> they do. you know it will be very close and it may in fact go beyond the deadline per se although people are thinking at the moment it is possible to get something done by the end of this week. the key here, kelly, is the senate. we have been so focused on the house, speaker boehner, plan. about, plan b falling apart. now speaker boehner is pointing towards the senate and the white house is pointing towards the senate as a place where we might get bipartisan cooperation. they think they have 10 republican votes for some kind of a plan that the president would propose that democrats in republicans in the senate could get together on and then ask speaker boehner to have a vote on it in the house. that could be a problem for speaker boehner because he could get a bill passed with that splits his republican
kelly: this is daunting task facing congress to avert the so-called fiscal cliff that will set into motion more than $600 billion in drastic and draconian allic tax hikes and spending cuts. that will cause a lot of pain for all americans and does congress have enough time to act on this? >> they do. you know it will be very close and it may in fact go beyond the deadline per se although people are thinking at the moment it is possible to get something done by the end of this week. the key...
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Dec 28, 2012
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. >> because the whole fiscal cliff which is a manufactured cliff essentially by both houses of congress happened because they tried to do that last year and said let's give ourselves another arbitrary deadline. you know six months from now we will be right back where we started from. that is the problem. >> laura: we are are almost out of time. but the democratic senate refuses to pass a budget. won't do it. can't do it. the president couldn't get a sing the vote for his own budget. the idea he is going to rush in from vacation and be the caped crusader rescuing us all from fiscal doom is absurd. a razzle dazzle spin move. even matt damon is giving up. >> that is just -- that is the most depress end to a segment i have h heard in my life. >> laura: we are out of time, guys. my goodness. someone has to lead at some point. >> i have my crash helmet on. we are going over the cliff. >> laura: next, a civil war among republicans in congress. will speaker benito survive the revolt? and later, president obama in the next four years. what will his second term mean for you and your family? we wi
. >> because the whole fiscal cliff which is a manufactured cliff essentially by both houses of congress happened because they tried to do that last year and said let's give ourselves another arbitrary deadline. you know six months from now we will be right back where we started from. that is the problem. >> laura: we are are almost out of time. but the democratic senate refuses to pass a budget. won't do it. can't do it. the president couldn't get a sing the vote for his own...
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Dec 26, 2012
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the fiscal cliff. last year, it cut u.s. treasuries from a to a-plus with a negative outlook. >>> and the holiday shopping season is drying to a close. early numbers suggest what started out strong is ending with a whimper. mastercard spending pulse unit estimates sales rose .7% over the past two months, which would be the weakest pace since 2008 during the financial crisis. many analysts had expected sales to rise 3% to 4%. several events may have, of course, pushed consumers to spend less this season including hurricane sandy and concerns about how tax hikes from the fiscal cliff could impact their wallets. joining us for more on the numbers is michael mcnamara of mastercard advisers. great to have you with us. many analysts, retailers had high hopes for the season. i think it's looking weaker than expected. of course we had hurricane sandy and we're dealing with the fiscal cliff, as well. what do you think the big driver was of these slower growth numbers? >> well, good morning. yes, you hit on two
the fiscal cliff. last year, it cut u.s. treasuries from a to a-plus with a negative outlook. >>> and the holiday shopping season is drying to a close. early numbers suggest what started out strong is ending with a whimper. mastercard spending pulse unit estimates sales rose .7% over the past two months, which would be the weakest pace since 2008 during the financial crisis. many analysts had expected sales to rise 3% to 4%. several events may have, of course, pushed consumers to spend...
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Dec 28, 2012
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what do you think about congress not reaching a deal on the fiscal cliff? do you think it is possible that i compromise will be reached before the deadline. share your comments on our facebook page. just search for fox 5 morning news. no space between fox and the number 5. we may share your comments on air. >> i'm sure you all have a lot to say. we would love to hear t. >>> a big story we are following. norman schwarzkopf has died. the retired general died from come indications of pneumonia. he was given the nickname stormin' norman and best known for leading international forces in iraq against shad's invasion of kuwait in 1991678 the 78-year-old managed to live a quiet retired life in tampa and kept pretty quiet on the u.s.'s decision to go to war with iraq again. >>> also this morning, former president george h. w. bush remains in intensive care at a texas hospital this morning. his chief of staff says his family is confident the 41st president will leave the hospital but expects to be there for a while. he is battling bronchitis, a lingering fever among
what do you think about congress not reaching a deal on the fiscal cliff? do you think it is possible that i compromise will be reached before the deadline. share your comments on our facebook page. just search for fox 5 morning news. no space between fox and the number 5. we may share your comments on air. >> i'm sure you all have a lot to say. we would love to hear t. >>> a big story we are following. norman schwarzkopf has died. the retired general died from come indications...
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so because of that, congress wants to make a milk fix part of any part of fiscal cliff fix if they can do one or the other before the year ends. back to you guys. >> juliet: listening to them, what senator reid says about boehner and boehner's response. they sound like they're real housewives of dc or something. >> eric: they're nowhere near a deal. i think i have this figured out. president obama came back from hits vacation saying let's see if we can get something together, knowing very well that they can't. the house and senate are so far apart, neither one will even entertain the idea -- >> juliet: so why have a meeting? >> eric: you look like you're trying o do the right thing. these bush tax cuts will expire december 31, 72 hours from now, whatever the number is. if president obama comes back in january sometime and says, you know what, house republican members, i have an idea. let's lower taxes 'cause they went back up. let's lower taxes back to where they were last year for the people making under $250,000 a year and let's call them the obama tax cuts. it looks like he's the ta
so because of that, congress wants to make a milk fix part of any part of fiscal cliff fix if they can do one or the other before the year ends. back to you guys. >> juliet: listening to them, what senator reid says about boehner and boehner's response. they sound like they're real housewives of dc or something. >> eric: they're nowhere near a deal. i think i have this figured out. president obama came back from hits vacation saying let's see if we can get something together,...
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is in negotiations to prevent the country from falling over a fiscal cliff earlier today i was joined by hugh mancini gum in our l.a. studio to shed some light on this bill. well liz i have to say that if you look back on the video privacy protection act which actually was passed twenty five years ago and it was passed specifically because there was concern that the media or others might get ahold of maybe porn you're watching or other salacious videos when you went into your local blockbuster and now if you look at it times have really changed and people are saying what do you mean i can't share what i'm watching on my photo stream on our on my sharing stream and on facebook the reality is you can share if you can use this below to display what your customers are watching whether you're netflix your hulu whether you're doing it through facebook or some other major social media site so at the end of the day it is the marketing side that's going to get a great benefit for this which is why it was a great legislative agenda item for netflix all right sell a good deal there for the marke
is in negotiations to prevent the country from falling over a fiscal cliff earlier today i was joined by hugh mancini gum in our l.a. studio to shed some light on this bill. well liz i have to say that if you look back on the video privacy protection act which actually was passed twenty five years ago and it was passed specifically because there was concern that the media or others might get ahold of maybe porn you're watching or other salacious videos when you went into your local blockbuster...
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about how to retroactively fix any damage done by going over the cliff in the new congress. in washington nicole collins, fox news. >>> we are, of course, going to have much more on the fiscal cliff negotiations coming up at 10:30. a republican and democratic strategist will face off here and talk about the prospects for reaching a deal. >>> a strike that could have shut down ports all over the east coast have been averted for now. the longshoremen union along the east coast and the gulf of mexico says it will extend its contract for the next 30 days. that extension prevented a possible strike which could have crippled operations at ports that handle nearly half of all cargo in the united states including in our area at the port of baltimore. >>> we have breaking news tonight out of prince george's county where we are following a deadly fire in a townhome in green belt. you're looking live at the scene on laurel hill road. the flames broke out an hour ago. fire investigators say one person is dead in this fire, two others in the hospital, but with nonlife threatening injurie
about how to retroactively fix any damage done by going over the cliff in the new congress. in washington nicole collins, fox news. >>> we are, of course, going to have much more on the fiscal cliff negotiations coming up at 10:30. a republican and democratic strategist will face off here and talk about the prospects for reaching a deal. >>> a strike that could have shut down ports all over the east coast have been averted for now. the longshoremen union along the east coast...
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Dec 29, 2012
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. >>> an agreement to the fiscal cliff now appears up to mitch mcconnel and harry reed. while the president said the meeting was constructive he added if congress can't reach a deal he will ask senator reed to at least propose a basic package. >> one that protects the middle class from an income tax hike, extends the vital lifeline of unemployment insurance to 2 million americans looking for a job. and lays the ground work for future corporation by more economic growth and deficit reduction. >>> with no agreement on the fiscal cliff extended unemployment benefits expire tomorrow for 24,000 unemployed californians. one woman says she's been out of work for two years. she said if it weren't for the long term unemployment benefits she doesn't know how she would get by. >> not being able to put food on table. not being able to pay my bills. >> those individuals and families are on their own to figure out how they're going to have an income until they have go on and have a job again. >> reporter: 1.2 million americans could lose their extended unemployment benefits nationwide
. >>> an agreement to the fiscal cliff now appears up to mitch mcconnel and harry reed. while the president said the meeting was constructive he added if congress can't reach a deal he will ask senator reed to at least propose a basic package. >> one that protects the middle class from an income tax hike, extends the vital lifeline of unemployment insurance to 2 million americans looking for a job. and lays the ground work for future corporation by more economic growth and...
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going over the fiscal cliff, which is why the president has been working hard to bring leaders together. >> we can't continue to kick the can down the road with half measures. i think the market will respond in a permanent and negative way to our inaction. >> the chairman of the senate finance committee says it comes down to this meeting adding i wish them luck. it would be a great new year's present for the country. ed henry, how pivot the is the meeting? >> we're on the verge of the biggest tax increase since world war ii. that's how big it is. everybody watching this, if we go off the cliff, everyone's taxes go up january 1st. the bottom line is senator backus says with the deadline, the pressure is red hot on all sides. republicans are trying to say the pressure is on the president. >> we need two words, presidential leadership on not just taxing rich people, we could tax all the rich people and cut their heads off and it wouldn't help the medicare fiscal cliff. we need both. i'm ready to work with him and so are a lot of republicans. >> one of the reasons why he and other republica
going over the fiscal cliff, which is why the president has been working hard to bring leaders together. >> we can't continue to kick the can down the road with half measures. i think the market will respond in a permanent and negative way to our inaction. >> the chairman of the senate finance committee says it comes down to this meeting adding i wish them luck. it would be a great new year's present for the country. ed henry, how pivot the is the meeting? >> we're on the...